REG - Echo Energy PLC - Proposed Warrant Issue

Echo EnergyAnnouncement

08/02/2024 14:45

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RNS Number : 5365C  Echo Energy PLC  08 February 2024

8 February 2024

Echo Energy plc

("Echo" or the "Company")

Warrants attached to recent equity raise

Echo Energy plc announces that further to the announcement made on the 7(th)
February 2024 concerning the "Issue of Equity", the Company will issue an
aggregate of 224,533,333 warrants to the arranger of the Subscription. The
warrants are exercisable at a strike price of o.oo8 pence ("Warrants"), for an
exercisable period of 5 years and have an expiry date of 7 February 2029.

The Warrants will be issued only after the Company has the authorities to
cover the issue.

In accordance with the provision of the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority, the Company confirms that, following
the issue of the new Ordinary Shares, its issued ordinary share capital will
comprise 17,027,749,197 Ordinary shares. All of the Ordinary shares have equal
voting rights and none of the ordinary shares are held in Treasury. The total
number of voting rights in the Company will therefore be 17,027,749,197. The
above figure may be used by shareholders as the denominator for the
calculations to determine if they are required to notify their interests in,
or change to their interest in, the Company.

For further information please contact:

 

 Echo Energy                                            info@echoenergyplc.com

 Stephen Birrell, Chief Executive Officer
 Cavendish Capital Markets Limited (Nominated Adviser)  Tel: 44 (0)20 7220 0500

 Adrian Hadden

 Ben Jeynes

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the UK version of the EU
Market Abuse Regulation 596/2014 which is part of UK law by virtue of the
European Union (Withdrawal) Act 2018, as amended and supplemented from time to
time. Upon the publication of this announcement, this inside information is
now considered to be in the public domain

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